class_10q.htm

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During the quarter ended March 31, 2025, no director or officer adopted or terminated any (i) “Rule 10b5-1 trading arrangement,” as defined in Item 408(a) of Regulation S-K intending to satisfy the affirmative defense conditions of Rule 10b5–1(c) or (ii) “non-Rule 10b5-1 trading arrangement,” as defined in Item 408(c) of Regulation S-K.

	June 30, 2025		December 31, 2024
Number of Solana		39,878		-
Crypto asset carrying value	$	5,951,271	$	-
Unrealized gain (loss) on crypto assets		182,665		-
Staking rewards		6,548		-
Cash		2,602,329		-
Total investment accounts	$	8,742,813	$	-

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2025

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to __________

Commission File Number: 001-42588

Classover Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware		99-2827182
(State or other jurisdiction		(IRS Employer
of incorporation or organization)		Identification Number)

450 7th Avenue, Suite 905, New York, NY		10123
(Address of principal executive offices)		(Zip code)

(800) 345-9588

(Issuer’s telephone number including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

symbol(s)

Name of each exchange on which

registered

Class B Common Stock, par value $0.0001 per share

KIDZ

The Nasdaq Stock Market LLC

Redeemable warrants, each exercisable for one share of Class B Common Stock, each at an exercise price of $11.50 per share

KIDZW

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
		Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of August 14, 2025, the registrant had 6,535,014 shares of Class A Common Stock, par value $0.0001 per share, and 18,083,473 shares of Class B Common Stock, par value $0.0001 per share, outstanding.

		INDEX
Part I - Financial Information

Item 1 – Financial Statements		3

Balance Sheets (Unaudited)		3

Statement of Operations (Unaudited)		4

Statement of Changes in Shareholders’ Deficit (Unaudited)		5

Statement of Cash Flows (Unaudited)		6

Notes to Unaudited Financial Statements		7

Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations		24

Item 3 – Quantitative and Qualitative Disclosures About Market Risk		36

Item 4 – Controls and Procedures		36

Part II - Other Information

Item 5 – Other Information		37

Item 6 – Exhibits		37

Signatures		38

Table of Contents

Part I - Financial Information

Item 1 – Financial Statements

CLASSOVER HOLDINGS, INC. AND SUBSIDIARIES

UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS

(EXPRESSED IN US DOLLARS)

	June 30,	December 31,
	2025	2024
	(Unaudited)
ASSETS

Current assets:

SEC Form 10-Q filed by Classover Holdings Inc.